Daimler in $1.36bn partnership with Nissan to develop, build small cars

June 28, 2014 12:13 pm

Daimler AG and Nissan Motor Co have decided to jointly invest $1.36bn to develop premium small cars and build a factory in Mexico, in a step that deepens cooperation between the Mercedes-Benz and Infiniti brands, Reuters has reported. The two carmakers said they will build a plant with an annual production capacity of 300,000 vehicles in Aguascalientes in central Mexico, where Nissan already has a $2bn manufacturing complex. The first Infiniti cars will roll out of the new plant in 2017, followed a year later by Mercedes, the companies said, with both brands planning to market those vehicles globally.